China Digest: Medbanks nabs $59m Series D; Shenzhen Lihexing snags $19m

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Medbanks Network Technology, an oncology database firm, has secured $59 million in a Series D round led by CDH Investments and CLP Fund.

Medisix

GREE’s US-based fund launches second AR/VR vehicle

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GREE VR Capital, a US-based venture capital affiliate of Japanese online gaming major GREE Inc, is looking to hit the  fundraising trail for its second vehicle, GFR Fund II.


Indian edtech startup Eruditus raises $40m from Sequoia, Bertelsmann

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The startup will use the capital to increase its course offerings in areas such as data science, machine learning, blockchain and cybersecurity, and to expand its language offerings.


World’s most valued AI startup SenseTime readies $2b fresh funding

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The Beijing-based firm raised more than $1.2 billion last year including a round announced in May that valued it at more than $4.5 billion.


At $55b, venture funds in US raise most in 2018 since dotcom boom

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VC funds in the U.S. raised $55.5 billion from investors last year, according to a new report from the National Venture Capital Association and PitchBook—that’s the most since the dot-com era, and far more than last year’s $34 billion.


Thai Digest: Panya Studios, GoWabi snag funding

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Thai startups – live trivia game show app Panya Studios and beauty services booking platform GoWabi – have raised funds.


China Digest: BitRock snags $4m; ABC Tech raises Series B; Ant arm backs campus platform

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Chinese social platform YeeCall has participated in the $4-million investment round of BitRock, the fintech platform it incubated.


China Renaissance K2 Ventures breaks ties with spin-off outfit Next Capital

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K2VC has declared that it will cease all collaborations with Next Capital and will withdraw its status as LP on grounds of IP theft.


VC firm SunBridge Partners exits investment in Marketo KK

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SunBridge divested its stake in Marketo KK, its Japan joint venture with Marketo, as part of Adobe’s acquisition of the marketing automation firm.


Thiel-backed fintech startup N26 sees valuation jump to $2.7b after GIC-backed round

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N26 raised $300 million from Insight Venture Partners, Singapore’s sovereign wealth fund GIC and several existing investors.